Central African Republic Adopts Bitcoin as Official Currency

The Central African Republic announced on Wednesday that it adopted bitcoin as the official currency alongside the CFA franc. Central African lawmakers established a legal and regulatory framework for cryptocurrencies and made bitcoin legal tender with the existing CFA franc.  …

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Crypto Mining Firm Included in Russian Sanctions

Fourth EstateBitRiver AG Facility - BitRiver AG

The United States (US) government announced additional sanctions against more than 40 individuals and businesses suspected of dodging the current wave of sanctions levied against Russia for invading Ukraine. According to the press release from the US Treasury Department, the …

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Bank of Japan Warns Yen Volatility May Hurt Businesses

Fourth EstateCC BY 2.0 - Karl Baron

Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday called the yen’s recent moves “quite sharp,” warning that it could hurt earnings of Japanese firms. “The recent falls in the yen, which lost about 10 yen to the dollar in …

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Yen Weakens Against Dollar, At Lowest in Two Decades

Fourth EstateJapanese Yen Coin

The Japanese currency fell sharply against the U.S. dollar on Wednesday afternoon after the Bank of Japan Governor Haruhiko Kuroda expressed his intention to continue Japan’s ultra-easy monetary easing. “Kuroda’s strong commitment to monetary easing at a point when the …

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Euro Inflation Rate Up by 7.5%

Fourth EstateMan holding a small pile of Euro banknotes - Christian Dubovan

Euro annual inflation rate went up to 7.5% in March, according to data released by Eurostat.  Eurostat, the statistical office of the European Union (EU), said the inflation rate is up by 1.6% compared to the 5.9% recorded in February. …

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Russian President Vladimir Putin Signs Order Demanding Gas Payments in Rubles

Fourth EstateRussian President Vladimir Putin Signs Order Demanding Gas Payments in Rubles - Kremlin

Russian President Vladimir Putin signed an order demanding “unfriendly” countries to pay for gas in rubles starting from April 1 or Russia will cut supplies. “In order to acquire Russian natural gas, they should open ruble accounts in Russian banks. …

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European Union Parliament Pushes to Regulate Crypto Transfers

Fourth EstateCryptocurrency Chart on Mobile Device - Jeremy Bezanger

The European Union is set to vote on adding regulations on digital assets to an anti-money laundering scheme, a move that would make transferring cryptocurrency funds tougher. The proposal, first put forward last year by the EU’s executive European Commission, …

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Russian Lawmaker Suggests Expanded List on Exported Goods for Rubles

Fourth EstateVyacheslav Volodin, speaker of the State Duma, the lower house of the Russian parliament - Russian DUMA

A Russian lawmaker suggested an expanded list of exported goods, which could include grain, crude oil, and lumber goods, to be paid in rubles.  Vyacheslav Volodin, speaker of the State Duma, the lower house of the Russian parliament, said on …

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